Ripple Price Technical Analysis – XRP/USD Short-term Pressure 101

Key Highlights

  • Ripple price is currently under pressure and is currently below $2.70 against the US Dollar.
  • There was a break below a connecting bullish trend line with support at $2.70 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • On the upside, there is a key resistance forming around $2.80 and the 100 hourly simple moving average.

Ripple price is struggling to retain the bullish bias against the US Dollar and Bitcoin. XRP/USD may decline in the short term towards the $2.40 and $2.30 levels.

Ripple Price Decline

There was a recovery initiated from the $2.15 swing low in Ripple price against the US Dollar. The price recovered above the $2.30 level and the 23.6% Fib retracement level of the last decline from the $3.35 high to $2.15 low. However, the upside recovery was limited and the price was not able to move above $2.80. There was also no proper close above the 100 hourly simple moving average, which is currently at $2.75.

Moreover, the price failed to break the 50% Fib retracement level of the last decline from the $3.35 high to $2.15 low. There was a fresh downside wave initiated from the $2.80 swing high. During the downside, there was a break below a connecting bullish trend line with support at $2.70 on the hourly chart of the XRP/USD pair. The pair is now struggling to recover and is currently below $2.60 and the 100 hourly SMA.

On the upside, there is a major bearish trend line forming with resistance at $2.75 on the same chart. If the pair corrects higher, it could face sellers near $2.75-2.80. On the downside, it seems like the pair may decline and test the $2.40 support.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 40 level.

Major Support Level – $2.40

Major Resistance Level – $2.80

 

Charts courtesy – Trading View, Kraken

Previous ArticleNext Article

Leave a Reply

Color Star Technology Co., Ltd. Signs Cooperation Agreement with National Glory Holdings Limited to Develop Industry Platform for Metaverse and NFT Products 2362

Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as “Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence (AI) in the entertainment industry, today announced that the Company formally signed a memorandum of cooperation with National Glory Holdings Limited (“National Glory”). Color Star and National Glory will conduct in-depth cooperation on metaverse and non-fungible token (NFT) related business sectors.

National Glory is an international investment holding company that focuses on real estate, venture capital, and the development and utilization of blockchain technology. The cooperation between Color Star and National Glory will leverage each other’s advantages to develop and utilize augmented reality (AR) and virtual reality (VR) technologies to build an industry platform, bringing more innovations and advancements to metaverse and NFT products. The cooperation will help enhance the Company’s international business network. Color Star has already successfully released several NFT products, metaverse interfaces, and virtual characters previously.

Mr. Basil Wilson, CEO of Color Star, commented: “Color Star’s business has often centered around entertainment technology, and this cooperation with National Glory will help integrate our respective business offerings in the future. National Glory has strengths in building industry platform technologies, and it has great influence in the Middle East. National Glory’s strengths will help Color Star in research, development, and promotion of more metaverse and NFT products. In addition, as Color Star’s business continues to expand and its market value continues to increase, we believe that the Company is building up momentum and entering a phase of rapid growth.”

About Color Star Technology

Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color China Entertainment Ltd. and CACM Group NY, Inc. The Company’s online education is provided through its Color World music and entertainment education platform.

Out of Space Brings the Best of Defi and NFT Under One Roof 2115

Spase

Today the crypto market is at its peak with three trillion valuation and the whole market making a new ATH one day after the other. However, with the growing popularity the use cases of crypto market has also surged drastically with several new ecosystems thriving within the cryptoverse. Two of the most prominents use cases in the current market includes Defi which has grown to become a multi-billion dollar ecosystem on its own and the NFTs which have become the breakout use case of the crypto world. The NFT craze has engulfed the whole of mainstream with every mainstream brand and celebrity getting involved with some form of the NFT project. With so many use cases and ecosystems, it’s increasingly becoming complex for users to get everything in one place and this is where Out of Space comes to the rescue.

Out Of Space is constructing a full ecosystem that includes a trading terminal, CEX (centralised exchanges), and decentralised exchanges. ed trading in a single location and offers all DEX and CEX opportunities It takes advantage of all the benefits of existing DEX and CEX technologies and offers a variety of trading tools. The platform plans to launch its seed round soon. A user account that includes statistics and a listing of all transactions. The ability to change the size and location of any block in the terminal’s working space is provided in an interactive workspace.

The Out of Space project began recently and already has a beta product on offering. The creators released a fully functional product prototype which is constantly improving based on user feedback and market trends. The Out of Space community has been expanding by the hour and expects to become one of the most notable decentralized communities very soon.

What Makes Out of Space So Special

The Out of Space ecosystem is as different as the name suggests, it combines the best of Defi, P2P, P2E and NFT together, becoming a gateway to the crypto ecosystem for new entrants. What makes it even more special is the fact that it is building the whole ecosystem from scratch starting with developing its own blockchain, rather than depending on any other platform. This ensures safety, privacy and more decentralization as they won’t have to depend on a third party. Smart contracts will be supported by the multi-layered blockchain, allowing developers to deploy independent dApps that can interact with one another. Payments between different dApps on the blockchain are possible, as are the use of common ecosystem tools making for a seamless ecosystem.

The company has also created an internal P2P cryptocurrency exchange service for ecosystem participants. Any platform user can discuss the best conditions for exchanging digital assets. Furthermore, the escrow service will ensure transaction security and user trust.

The NFT marketplace would be centred on artists, where their creativity and potential would be assessed first, and then the best conditions for the creation of NFT would be offered. Only the lowest commissions and a detailed description of all NFTs are available. But that is not all we have to offer. Some people are always in need of something, while others are always willing to provide it. The marketplace has been developed for traders, investors, developers, job seekers, and IT/blockchain professionals, meaning created keeping every profession in mind.

There are hundreds of new NFT projects claiming to launch some ultra rare digital collectibles, however, there are very few selected and trusted number of marketplaces in the crypto market today due to lack of quality projects and review process. And a few which are great to use have a very high cost of transactions. Out of Space aims to end that with its platform that will host, list and trade only selected and rare NFTs with minimal trading and minting fees.

Out of Space is Building a Multi-Purpose Blockchain Ecosystem

Imagine a crypto platform where you can buy, sell and trade along with NFT auctions and trading and also a staking service for passive income. Out of Space has all these and its building even more functionality into its ecosystem. The platform offers the best of CEX and DEX functionalities as well which are integrated into the system, thus one can choose between the two as per their convenience. The seamless functionality is something that makes Out of Space so attractive.

Building a multi-utility crypto ecosystem could be a tough task, but Out of Space is taking each step with utmost care and aims to deliver a finished benchmark kind of platform. Investing in an ecosystem with such multiple uses and services would only multiply once the network becomes more mature overtime. The platform would also develop a decentralized NFT social network with a personal NFT page for each participant, and a messenger inside the ecosystem, that would allow traders to interact as well as earn from the social network platform.

To learn more about Out of Space visit Outspace.io

Twitter: https://twitter.com/outspaceio
Telegram: https://t.me/outofspaceann
Out of Space Chat: https://t.me/outspace_chat

Innovative Digital Identity Solutions will Redefine Security and Identity Recognition by 2030, Finds Frost & Sullivan 2013

Frost & Sullivan’s recent analysis on digital identity solutions finds that progressive advancements in blockchain technology, artificial intelligence and biometric systems have led to the creation of unique and sophisticated digital ID global solutions. Driven by identity theft, security threats and digital transformation initiatives by governments and private sectors, areas that will greatly benefit include e-banking, e-government, digital transactions, mobile transactions, behavioral biometrics, and airport security.

“National identification programs are gaining prominence as countries are striving to establish a unified database of robust, unique identity documents of citizens for ease of governance,” said Aravind Srimoolanathan, Senior Research Analyst, ICT at Frost & Sullivan. “By 2030, advancements in blockchain technology will lead to its integration with biometrics, resulting in the establishment of a single-token digital identity for individuals.”

Srimoolanathan added: “In addition, as hackers adopt refined technologies to disrupt and bypass security systems, as a result of their flexibility and high security, multi-modal biometrics-powered identity systems are expected to become crucial means to enhance security across industries.”

The pioneering and cutting-edge technologies that are expected to change the digital identity market will enable several growth opportunities, including:

  • Leveraging advanced cybersecurity for digital identity: Cybersecurity providers should offer first-class security solutions to help end-users effectively manage digital identity databases.
  • Utilizing blockchain-powered digital identity solutions: Partnering with blockchain technology companies can enhance digital identity solution offerings as well as overall security and efficiency.
  • Relying on portable biometric readers/kiosks for digital identity management: Portable digital identity verification solution providers should include multi-factor authentication in their offerings to ensure security while allowing for a seamless user experience.

Global Digital Identity Solutions Growth Opportunities is the latest addition to Frost & Sullivan’s Security research and analyses available through the Frost & Sullivan leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.

ICON Partners with RFOX to Enter the Metaverse and Explore Further Opportunities to Push Technological Boundaries 1996

RFOX

Blockchain Interoperability Giant ICON to enter the Metaverse and Showcase its Ecosystem in Virtual Reality.

November 15, 2021 18:00 Vietnam, Ho Chi Minh—Metaverse builder RFOX (RedFOX Labs) (RFOX) will be welcoming ICON (ICX) as one of its first full-time residents within RFOX VALT, a virtual world focused on retail and entertainment. At RFOX VALT, ICON will incorporate a designated gallery and office space open to the community, where people can learn more about the project and create new social connections in a Virtual Reality environment, hot on the heels of the release of its new mainnet, ICON 2.0.

“ICON community, users and customers, will soon be able to interact in virtual reality – in real time, regardless of where they are in the world thanks to RFOX and the RFOX VALT” Said Bank Fairbank, Co-Founder & CEO of Redfox Labs

ICON 2.0 is a monumental shift for ICON and its broader ecosystem. ICON 2.0 is a complete redesign of the core engine of the ICON blockchain, making it faster, more powerful, and interoperable with other blockchains. Using Nexus, the interface of ICON’s interchain communication protocol–BTP (Blockchain Transmission Protocol)–ICON users will be able to move assets between ICON and partner blockchains, including Moonriver, NEAR, Binance Smart Chain, Polkadot, Acala and more.

“ICON is a truly progressive blockchain and has proven itself over a long period of time,” said Ben Fairbank, CEO and co-founder of RedFOX Labs.

“The financial offerings and ecosystem they have built for their users is world-class. To know they are committed to providing ongoing value for their user base and to ensure they remain connected through VR and the Metaverse is a sign of a company who is looking to the future and not just focused on the now. We are extremely excited about the opportunities they also bring to RFOX holders and look forward to exploring many more facets of our partnership. The two parties were introduced by VOID Cyber who are onboarding a number of big name brand partners into the RFOX ecosystem and the Metaverse through RFOX VALT” continued Ben.

“We are honored that members at RedFOX Labs have chosen us as one of their strategic partners at an early stage in their venture and we very much look forward to the creative possibilities that a fully dedicated VR space will bring–not only in terms of how we communicate all that’s happening in the ICON ecosystem but also in terms of how the broader community will interact with each other in virtual reality,” says Min Kim, CEO and founder of the ICON project.

With the recent announcement by Facebook stating they would spend upwards of 10 Billion USD to develop a Metaverse, the topic has become hot news globally. For companies like RedFOX Labs who have been building their Metaverse since 2019, this is welcome exposure and more importantly awareness for new users on what a Metaverse is and does.

About RFOX

Based in Southeast Asia and established in 2018, RFOX is a blockchain metaverse builder. Building in the fastest growing sectors of the internet economy, RFOX builds interoperable companies and applications that are showcased in a virtual world called the RFOX VALT. RFOX has established ventures in RFOX Games (a play to earn NFT Gaming platform), RFOX Finance (DeFi Protocol), RFOX TV, RFOX Media (which acquired MYMEDIA MYANMAR with 13 million active users) and RFOX NFT Whitelabel Platform. The RFOX ecosystem is powered by its currency token RFOX, and rewards users through its VFOX rewards token.

Website: https://www.redfoxlabs.io/rfox
Facebook: https://www.facebook.com/redfoxlabs.io
Twitter: https://twitter.com/redfoxlabs_io

About ICON

Founded in 2017 by the ICON Foundation, ICON is a next generation blockchain protocol with smart contract functionality and interoperability. ICX is the native cryptocurrency of the ICON network. As an aggregator chain, ICON achieves interoperability – a web of interconnected networks aggregating all blockchain data into one layer. ICON’s “Blockchain Transmission Protocol” (BTP) is its novel interoperability solution, allowing all integrated blockchains to be interconnected to each other. Current BTP partners include Binance Smart Chain, Polkadot, NEAR Protocol, and Harmony. ICON also has a growing DeFi ecosystem that includes projects such as Balanced DAO, Omm Finance, Optimus Protocol, and Equality Exchange.

Submit Your News to 40 Crypto-related Websites 1799

Coin PR Kit

Coin PR Kit will publish your press release, news, guest post, article, interview, review on up to 40 Crypto and Bitcoin related websites, selected by you prior to publication. Your news will remain available in websites database as long as you wish. Let us describe the way we work. We are ready to offer you surprising options for cooperation!

We deal with 40 Crypto and Bitcoin related websites worldwide and we have possibility to publish on those websites the news, press releases, guest post, articles, interviews, reviews and etc. After receiving the text from you, we publish it within 2-8 hours, and then we send you the links to all publications (see an example of report).

Simple & Clean Work Process

The process of ordering and publishing of text on selected websites is very simple and consists of the several steps:

1. Go to our Store
2. Select websites to publish
3. Add websites to Cart
4. Attach an article on the Checkout page
5. Pay and receive invoice
6. Websites promote it in 2 – 8 hours
7. We will send you links after publications

Our Store

All 40 Crypto and Bitcoin related websites are available in our store, see the list of websites at the following link. You can choose any website at the very moment of purchasing of publication. Our standard price is €25 per one website, but when you select more than 10 websites the discount system will be activated automatically in the store.

The price for one publication may be €20 if you add at least 10 websites to your cart. When you add 20 websites to your cart, the publication on one website will cost €15. And if you add 30 or 40+ websites you will get the price of €10 for each.

What if you need a lot of publications and you want to do it during several months?

Then we are ready to give you even more discounts! If you add to your cart at least 100 websites (each website can be added many times), you will get the price of €8 per one publication. This option is designed especially for big advertising companies of for dealing with advertising agencies.

We have no time limits for publications. You can make a stock purchase in advance and add 100 or more websites to your cart at one time to get a price of €8 and then publish articles when the time is right. You can send us different texts for different time of publications or for different websites. The length of the text should not exceed 8000 words. Show up on the homepage and NO advertising labels. In the text you can use 5 links (dofollow or nofollow), 5 images and 2 videos from YouTube.

All your purchases in our store will be accumulated and when the total amount of your purchases gets up to €2000 you automatically receive your personal coupon for one discount of 10%. Thus the price for one website will be much more reduced. For example, you add to the cart 100 websites, the total price for publication is €800 (discount: €8 per website), then you use your 10% discount coupon and the total price becomes €720 (€7.20 per website).

But that is not all yet! If the total amount of all your purchases in our store exceeds €4000, you automatically receive the VIP status (lifetime) and get an additional lifetime 20% discount on any purchase in our store. For example, you add 100 websites to your cart, the cost of posting is €800 (discount: €8 per website), but since you are the VIP status, you automatically get additional a 20% discount and the total cost of your order becomes €640 (€6.40 per website).

At the same time, if you would like to sum up all your purchases you should register your account in our store in order to keep your buying story. The process of registration takes less than a minute – you just need to put your email and password. Please register at the following link. Your buying records will be available in your account as well as the invoice for each purchase. Also your invoice will be sent to your email automatically after payment.

Payment and Publication

After adding the websites to your cart you will be forwarding to Checkout page. At the Checkout page you can choose the way of payment. We accept for payment: BTC, ETH, LTC, XRP, TRX, USDC, USDT (ERC-20 and TRC-20). Choose a cryptocurrency for payment, push the confirmation button and you will see the total sum of payment in the browser (it will be also sent to your email) and the address of wallet for transaction.

At this moment the status of your order will be “Hold”. After transaction of cryptocurrency to our wallet it takes 12 confirmations. After 12 confirmations your order status will be updated to “Completed”. Then you will receive an email confirming that we start working with your order. We need 2-8 hours to fulfil it. If your order comes at night (Helsinki UTC +2), we shall start work at 9 am. Please be attentive at planning.

80 Crypto and Bitcoin Related Websites

At present there are 40 Crypto websites worldwide cooperating with us. We are growing and enlarging our partnership network of publishers. Today we negotiate with 10 more crypto websites and we hope they will join our store within the nearest months. Then the total quantity of our partners will be 50. We are planning to conclude contracts with at least 100 crypto websites worldwide in half a year.

We choose our publishers very carefully and work only with well-established websites. Therefore, we offer a selection of websites in our store. You choose the websites for your publication yourself. Our cooperation with you will always be transparent and every time you will receive a report with a link to the publication of the text on the website chosen by you.

Top 10 Upcoming NFT Drops From The Survey Of 500 NFT Experts 2189

Concept image of nft nonfungible tokens background background backgrounds bank banking banknote bill t20 JJLZbk

The NFT market has seen tremendous growth in recent times and we are only seeing the beginning of it. In May 2021, Beeple sold a non-fungible token (NFT) for a whopping $69 million. A report on Forbes revealed that a set of 101 non-fungible tokens (NFTs) were sold for a staggering $24 million. At this point, it is safe to say that the NFT market has come to stay, and people ignoring the market might be doing themselves a disservice.

Non-fungible tokens (NFTs) are programmatically generated unique digital tokens that can be used to represent real-world assets like real estate, artworks, music, and so on. With this revolutionary invention, there is now a possibility of bringing art ownership to the masses. With the growing demand for NFTs, there is currently a long list of collections to choose from.

According to a survey of 500 NFT experts who were asked to rank 100 upcoming NFT drops. The top 10 were selected based on parameters like:

  • Uniqueness
  • Virality
  • Media Presence
  • Possible increase in value
  • Execution

Overview Of The Top 5 Upcoming NFT Drops Based On This Ranking

From the overview, you can see that BitColors is leading the chart with a near-perfect score of 48. It is followed closely by CrypToadz with a 47 score, while CyberKongz is following closely after scoring 45 in the survey.

A look At The Top 5 Upcoming NFT Collections

BitColors

Although most NFT collections pay more attention to digital arts, BitColors brings a completely new dimension to the NFT fuzz. It is a collection of 1000 handcrafted NFT colors that you can own and trade. We can all see the reason BitColors scored a 10 in its potential upside and uniqueness.

CrypToadz

CryptToadz was created by Gremplin, an artist who is believed to be the visual historian of the non-fungible token market. This collection is made up of 6969 pixelated amphibious creatures that are trying to escape from the tyrannical rule of the evil king Gremplin. When the project was first launched in early September, it sold more than $17.5 million worth of non-fungible tokens within the first week.

CyberKongz

The CyberKongz NFT collection became popular because they served as suitable profile pictures on Discord. Artist Myoo launched the NFTt collection in early March 2021 with 1000 unique and randomly created 2D and 3D NFT social avatars. The popularity of the collection grew when NFT lovers found the minting process on the OpenSea NFT marketplace.

Habbo Avatars

Habbo Avatars is the first official NFT collection for Habbo created by Sulake. It is made up of 11,600 unique, handcrafted, and automatically generated pixilated avatars. There are currently about 2,500 collectors who have purchased over 10,000 Habbo avatars. This NFT collection marked the entrance of an existing video game IP into the NFT market.

Sneaky Vampires

The Sneaky Vampire NFT collection started as an idea by a group of friends. Since its debut in the NFT space, Sneaky Vampires have transitioned to become quite a sensation in the NFT space. It is made up of 8,888 Vampires that offer some elements of utility to its collectors.

Conclusion

The NFT buzz is only getting started. According to a report on Reuters, the NFT sales volume surged $10.7 billion in the third quarter of 2021. This momentum is very much expected to continue. As digital artists churn out new NFTs by the day, collectors, on the other hand, are looking out for the next CryptoPunks.